'Pinched' Crude - Continues higher Monday Morning ~ Hedge According.ly

Monday, March 19, 2012

'Pinched' Crude - Continues higher Monday Morning

By Sell Puts 3/19/2012 07:18:00 AM

Update showing rising triangle break out over 108. simple -

5 min CL

Over 108 will bring in buyers and force some covering, perhaps into 110. Or if 108 fails 107.50 is immediate support followed by 107.20.. below 107 -107.20 is a lot of air into 106.60 .. which this level was Friday's 'pinch'.

5 min CL

Posted in: Chart,crude oil,triangles

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Monday, March 19, 2012

'Pinched' Crude - Continues higher Monday Morning

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